Manager, Global Financial Crimes Model Validation

Job Description What is the Opportunity?

As a Manager of Global Financial Crimes Model Validation you will support daily execution within the team to ensure that RBC is maintaining the ongoing effectiveness of Financial Crimes monitoring program. You will report to the Senior Manager of AML Model Validation as an individual contributor, and will implement and execute substantive financial crimes risk management practices relevant to models and related Frameworks.

This includes the defining and scoping the validation required of new/existing models. You provide continuous close support to Global FC Validation team by implementing successful FC strategies within RBC.

• Conduct Model Validation:
  • Validate Financial Crime models, including Transaction Monitoring, Client Risk Rating, and Sanction Screening.
  • Ensure model outputs comply with regulatory and business requirements.
• Risk Assessment and Proactive Challenges:
  • Proactively challenge financial crime models and methodologies.
  • Detect and counteract emerging risks related to financial crimes and continuously assess RBC’s risk exposure.
• Effective Communication and Documentation:
  • Articulate the scope and approach of enterprise-wide model validation to RBC Management, External Regulators, and Internal Audit.
  • Develop clear concepts, execute plans efficiently, and deliver organized results.
  • Collaborate with AML Model Validation Senior Managers and Directors to make model-related decisions.
  • Communicate inherent model risks and limitations effectively.
  • Develop and challenge assumptions, conceptual soundness, model performance and process and evaluate metrics during each validation and document results in validation reports.
• Innovation and Industry Trends:
  • Contribute to research and development with risk-focused techniques.
  • Demonstrate key competencies:
    Adaptability, Change Management, Teamwork & Collaboration, Problem Solving, and Planning.
  • Establish individual goals, drive performance management, support career development, and reward strong performance.
  • Collaborate cross-enterprise teams for better solutions.

• 3+ years of related Financial Crimes experience
• Strong written and oral communication skills; business writing experience
• Strong interpersonal and analytical skills
• Good working knowledge of Microsoft suite and other data mining applications (SAS, Python, R, and SQL)
• Knowledge of regulations related to Financial Crimes
• Bachelor’s degree in a relevant field (Finance, Data Science, etc.)

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to build close relationships with clients

Anti-Money Laundering (AML), Communication, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity, Process Management

Address: 20 KING ST W:

TORONTO

City: Toronto

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: GROUP RISK MANAGEMENT

Job Type: Regular

Pay Type: Salaried

Posted Date:

Final date to receive applications:

Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date above

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively…